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Attractive 3-room apartment in the Geistviertel district

48153 Münster (Geist) – Nordrhein-Westfalen
215.000 €
3
Room
59.70 m²
Living Area
Private offer
apartment

The community of owners consists of 7 condominiums and 2 parking spaces, which are reserved for the two owners of the first floors, as are the private gardens. All condominiums have a separate storage room in the basement.

The apartment building was built in 1952 and has been continuously maintained. In 1988, the attic was extended and the roof was re-roofed.

Structurally and in terms of energy efficiency, the property is in an acceptable state with energy efficiency class D and has been continuously maintained. The last modernization measures within the last 5 years were

Construction of a bicycle parking space (2024)
Installation of video intercom system (2024)
Renewal of front door (2024)
Garden fence construction (2024)
Heating optimization (2020)

Due to the division of the property into individual condominiums in 2024, there is a small maintenance reserve. However, no major renovation measures are planned in the next few years. The house rent is € 239 per month. The non-recoverable operating costs amount to € 102 per month, of which € 39 is allocated to the maintenance reserve. A termination for personal use can be carried out after 5 years at the earliest.

Are you interested in this apartment?

Object Number
OM-325649
Object Class
apartment
Object Type
apartment
Is occupied
Occupied
Handover from
March 31, 2025

Purchase price & additional costs

purchase price
215.000 €
Purchase additional costs
approx. 17,327 €
Total costs
approx. 232,327 €
HOA fee
239 €

Breakdown of Costs

Purchase price 215.000 €
Real estate transfer tax 13,975 € (6.50%)
Notary costs 2,217 € (1.03%)
Land register entry 1,136 € (0.53%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 751€

More accuracy in a few seconds:

By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.24%

Details

Condition
well-kept
Number of floors
3
Level
2nd floor
Flooring
laminate
Heating
central heating
Year of construction
1952
Equipment
basement
Infrastructure
pharmacy, grocery discount, general practitioner, kindergarten, primary school, secondary school, middle school, high school, comprehensive school, public transport

Information on equipment

The 60 sqm apartment for sale consists of 3 rooms, all of which are separately accessible and can therefore also be rented out as a student flat share. The rooms are between 12 and 18 sqm in size. The kitchen with approx. 10 sqm invites you to linger. Laminate flooring has been laid in most of the rooms. The bathroom has a shower, a WC and a washbasin. Ventilation is provided by a window.

The condominium offered for sale has been rented to a tenant since 2002, who always pays the rent on time. One room is still sublet by the tenant. The rent amounts to €4,939 per year. This corresponds to a low price per square meter of €6.89, which still offers great potential for rent increases.

If the apartment were to be re-let, a rent per square meter of at least €13/sqm would be easily achievable due to the good room layout and the location in the Geistviertel. This corresponds to an annual net cold rent of €9,360.

Location

The location is part of the Geistviertel district and is located in the Mitte district. Nestled between Aaseestadt, Südviertel, Mecklenbett and Berg Fiedel, the district is very centrally located. From here, you can reach the following destinations in just a few minutes (by bike/car):

Prinzipalmarkt (10 min/12 min)
Lake Aasee (11 min/9 min)
Central station (10 min/8 min)
A43 and A1 (21 min/10 min)

The proximity to Hammerstraße underlines the central location. Various bus lines (1, 5, 9, N82) run from here and the city center is easily accessible via the well-developed cycle path.

Stores for daily needs, 6 schools and 6 daycare centers, medical care and shopping facilities can be found in the immediate vicinity, especially on Hammerstrasse. The Clemenshospital is also located in the Geistviertel. The district's landmark is the water tower, which was inaugurated in 1902 and was used to store drinking water for over 100 years until 2017. Typical for Münster: there are 5 churches in the Geistviertel alone.

Almost 10,000 people live here. The district is very young and many students live there. Around 52% of the population is under 39 years old.

The Geistviertel was created after the First World War from 1921 to 1931 and experienced the greatest structural development in Münster. The incorporated farming community of Geist gave the district its name. The name Geist or Geest. It refers to the high and dry Münsterland gravel-sand ridge.

The Geist district is characterized by predominantly small apartments and the household size is smaller than the Münster average. For example, 1-2 room apartments make up around 80% of households.

At 3.31%, the proportion of unemployed people in the 15-64 age group is slightly below the Münster average.

Location Check

Sport
Einkaufen
Medizin
Mobilität
Nachtleben
Restaurants
Natur
Kultur

Energy

Final energy consumption
111.00 kWh/(m²a)
Energy efficiency class
D
Energy certificate type
consumption certificate
Main energy source
gas

Miscellaneous

Please no broker inquiries

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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Offer from: F. Haußwald